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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (71575)	2/12/2016 4:34:36 PM
From: Return to Sender	1 Recommendation Recommended By Donald Wennerstrom Read Replies (1) \| Respond to of 95406

It was a pretty good day today for the market. It was not an 90% upside day. It was not even an 80% upside day. MU has been trading in a downtrend for quite a while now and probably will continue going down. Why? Yes, it is still seen as a commodity chip maker so it will never likely become a long term high flying technology stock but that is not the problem. The problem is that as I have been saying all along cycles in the stock market never end. Every time someone says this time is different they can be right about that it many ways. They will not be right about the effect on cyclical stock prices. There is a reason that I make long term monthly charts for the stocks we follow like MU. When looking for a long term no brainer entry point you will find it on the monthly chart not on the daily or even the weekly chart. The weekly chart on MU does show that MU now has a firm downtrend line in place that it will have an extremely difficult time overcoming. I don't expect that to happen until the market bottoms. The market did not bottom today. I hope it rallies hard for a while though. MU could rally up to the downtrend line on the weekly chart if it does. I used to have a site where I could check long term data on stocks like MU. You know like what it's P/E, P/S and the like was on average over the last twenty years on an annual basis. Any suggestions anyone? Thanks, RtS